WorldCat Identities

Fazl-i-Wahid

Overview
Works: 16 works in 18 publications in 1 language and 68 library holdings
Genres: Academic theses 
Roles: Author, Other, Contributor
Classifications: HB3640.5.A3, 304.6609549122
Publication Timeline
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Most widely held works by Fazl-i-Wahid
Effectiveness of population policy and family planning in Mardan District by Fazl-i-Wahid( Book )

1 edition published in 1979 in English and held by 24 WorldCat member libraries worldwide

Economics of maize production in N.W.F.P. by Fazl-i-Wahid( Book )

2 editions published in 1980 in English and held by 12 WorldCat member libraries worldwide

The impact of internationalization on post-IPO performance of firms by Fazl-i-Wahid( )

1 edition published in 2015 in English and held by 4 WorldCat member libraries worldwide

This study examines the relationship between the degree of internationalization at the time of IPO (initial public offering) and post-IPO market performance of US and Canadian firms. This proposition derives its support from the synthesis of major theories of international business with signaling and information asymmetry theory. Theories of international business are developed from the perspectives of the behaviour and decision-making of managers of the firms, whereas signaling and information asymmetry theory are about communicating to external investors; and thereby incorporates the assessments of these investors. After the IPO, investors become substantial equity holders in the firms. Therefore, the integration of the two streams of theories will help us understand how investors evaluate the degree of internationalization at the time of IPO. The basic premise of this integration is that theories of internationalization have identified a number of benefits of international expansion of firms. In this research, I assume that these benefits of international expansion provide positive signals to potential investors. As signaling is related to information asymmetry, these positive signals reduce the information asymmetry of investors, inducing them to value firms with the most internationalization. Further, drawing support from international new venture theory and the resource-based view (RBV) of the firm, this study explores the premise that international new ventures (INVs) go public earlier than other traditional firms. Rapid growth through international expansion requires substantial financial resources. One way to raise capital for this rapid international expansion is to go public earlier. As the speed of internationalization and early IPO might send strong positive signals to external investors, INVs would go public earlier. Data on post-IPO returns, volatility of returns, underpricing, and other characteristics of the firm, including the scale and scope of international sales, was extracted from a number of secondary sources including different databases and company prospectuses. The sample is restricted to IPO firms in the manufacturing and service sectors, headquartered in the US and Canada, that issued initial public offerings from 2001 to 2011. Post-IPO performance was measured in three ways: compound holding period returns, relative volatility of returns, and underpricing. The three measures of post-IPO performance are used to capture different aspects of performance, including the value assessed by external investors and insiders, and risk diversification. Internationalization-performance relationships have been extensively evaluated using linear models. However, recent studies have found non-linear forms of the relationship. This study provides a theoretical rationale and evaluates the relationship between internationalization and post-IPO performance using both linear and non-linear models. Internationalization is a complex phenomenon and may not be appropriately evaluated using simple linear models. Therefore, this study assumes a U-shaped relationship between the degree of internationalization and compound holding period returns and an inverted U-shaped relationship between the degree of internationalization and relative volatility of returns and underpricing. Using least square regression, the results confirm the existence of non-linear relationships between internationalization and compound holding period returns and relative volatility of returns. I find support for the idea that higher geographic scope provides a positive signal to potential investors. My findings indicate that higher geographic scope at the time of an IPO not only results in higher post-IPO returns, but also reduces the relative volatility of returns and underpricing. In the case of underpricing, higher intensity also leads to lower underpricing. The present study identifies an optimal point beyond which internationalization has a positive impact on performance. The implication is that management could signal future performance through both higher geographic scope and higher intensity of internationalization. In a similar way, investors can make more informed decisions using these signals. In contrast, at lower levels, internationalization is not related to compound holding period returns and underpricing, but it is positively associated with relative volatility. This implies that investors perceive lower levels of internationalization as more risky compared to higher levels. The findings have implications for both investors and management. Investors can utilize the findings of higher geographic scope resulting in a desirable outcome of higher returns and lower risk to make decisions that are more informed. The results also provide a strong strategic message to management considering going public of the potential benefits of higher internationalization. Contributions to the literature include: synthesizing theories of internationalization with signaling and information asymmetry theories, testing the non-linearity of the internationalization-performance relationship in the IPO context, evaluating the risk diversification aspect of multinationality in the context of IPO, and addition to the limited research on the link between internationalization and post-IPO performance. As simple linear and curvilinear approaches may not reveal the complexity of internationalization-performance relationship, this study introduces a dummy category approach in order to examine the relationship from different angles such as the impact of high and low internationalization, separating the effects of domestic firms, and identification of a threshold
Innovation-performance relationship : the moderating role of the degree of internationalization of a firm by Fazl-i-Wahid( Book )

2 editions published in 2010 in English and held by 4 WorldCat member libraries worldwide

Moderator variables are typically introduced when there is an unexpectedly weak or inconsistent relationship between a predictor and a criterion variable (Baron and Kenny, 1986). Holak, Parry and Song (1991) and Zhang, Li, Hitt, and Cui (2007) found an inconsistent relationship between R & D spending (a measure of innovation) and firm performance and so concluded that this relationship should be studied under different contextual factors. One such factor is the Degree of Internationalization (DOI) of a firm. Therefore, this paper evaluates the innovation-performance link in the presence of a moderator - the Degree of Internationalization (DOI). It proposes that DOI moderates the innovation-performance relationship. In addition, this research tests the hypothesis that DOI can affect either the form or the strength of the innovation-performance relationship. Only one previous study has evaluated the moderating effect of DOI on innovation-performance relationship, but this paper did not investigate the influence on the form of the relationship. The findings of this study are based on time series cross-sectional data of 102 large U.S. manufacturing firms from seven different industries. Data for each firm was obtained for eight years (2000-2007) from the Compustat database. Hypotheses were tested using the TSCSREG procedure with Fuller-Battese method implemented in SAS. The identification and the differentiation of the moderation effect into form and strength were carried out by using the typology from the work of Sharma, Durand and Gur-Arie (1981). The results show that DOI moderates the innovation-performance relationship positively and significantly. In addition, DOI affects the form (direct) and is a quasi moderator of the innovation-performance relationship. In terms of theory, there are two implications. First, that DOI is an important contingency factor when examining the innovation-performance relationship. Predicting the innovation-performance relationship without including DOI may lead to misleading conclusions. Second, when evaluating the relationship between R & D and firm performance, identifying whether DOI moderates the form or the strength of the relationship is needed in order to use a proper analytical technique. In terms of practice, the results sensitize managers to the need to focus not only on innovation activities, but also on their internationalization in order to appropriate the full benefits of their innovations
An Enhanced Approach of Artificial Bee Colony for Energy Management in Energy Efficient Residential Building by Fazl-i-Wahid( )

1 edition published in 2018 in English and held by 2 WorldCat member libraries worldwide

Phytoextraction and the economic perspective of phytomining of heavy metals by Amjad Ali( )

1 edition published in 2017 in English and held by 2 WorldCat member libraries worldwide

Effects of Red Ginseng Extract on Visual Sensitivity and ERG b-wave of Bullfrog's Eye( )

1 edition published in 2009 in English and held by 2 WorldCat member libraries worldwide

Applications of cellulose and chitin/chitosan derivatives and composites as antibacterial materials: current state and perspectives by Shahia Khattak( )

1 edition published in 2019 in English and held by 2 WorldCat member libraries worldwide

Therapeutic potential of curcumin for multiple sclerosis by Munibah Qureshi( )

1 edition published in 2017 in English and held by 2 WorldCat member libraries worldwide

Developing the first halophytic turfgrasses for the urban landscape from native Arabian desert grass by Muhammad Zamin( )

1 edition published in 2019 in English and held by 2 WorldCat member libraries worldwide

Intestinal and vascular smooth muscle relaxant effect of Viscum album explains its medicinal use in hyperactive gut disorders and hypertension by Taous Khan( )

1 edition published in 2016 in English and held by 2 WorldCat member libraries worldwide

Smart Lightning Detection System for Smart-City Infrastructure Using Artificial Neural Network by Irshad Ullah( )

1 edition published in 2018 in English and held by 2 WorldCat member libraries worldwide

Improved Firefly Algorithm Based on Genetic Algorithm Operators for Energy Efficiency in Smart Buildings by Fazl-i-Wahid( )

1 edition published in 2019 in English and held by 2 WorldCat member libraries worldwide

Hybrid of firefly algorithm and pattern search for solving optimization problems by Fazl-i-Wahid( )

1 edition published in 2018 in English and held by 2 WorldCat member libraries worldwide

Production of bacterial cellulose from industrial wastes: a review by Zohaib Hussain( )

1 edition published in 2019 in English and held by 2 WorldCat member libraries worldwide

Facile synthesis of bacterial cellulose and polyethyleneimine based hybrid hydrogels for antibacterial applications by Fazl-i-Wahid( )

1 edition published in 2019 in English and held by 2 WorldCat member libraries worldwide

 
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Alternative Names
Fazli Wahid

Wahid, Fazl

Wahid, Fazli

Languages
English (18)